All You Need to Know About Qtum Cryptocurrency Platform
Features of QTUM:
DApps Applications and Smart Contacts building platform
Maximum Supply: 100 million QTUM
Much more than a payment platform
Qtum is a cryptocurrency and blockchain technology designed to assist interoperatability with the use of a virtual machine similar to Ethereum. The secondary objective is to make smart contracts easier and secure. This project is developed by the Singapore based Qtum Foundation.
The Qtum’s development efforts will enable to market this platform to different industries like Counterfeit Protection, Industrial Logistics (warranty, shipping and more), mobile telecommunications, manufacturing and finance.
Different from the cryptocurrency Ethereum, Qtum makes use of a proof of stake consensus which is more constructive for business adoption and is developed on Bitcoin’s deep rooted UTXO transaction model. Apart from this, Qtum tries to bridge the gap by standardizing the workflow of smart contract development and a center of proven smart contracts, addressing different specialized business use.
Qtum merges its unfailing blockchain with endless possibilities by combining an inter-compatible EVM (Ethereum Virtual Machine) model and a modified infrastructure of Bitcoin. The hybrid nature allows its applications to be suitable with the major block chain eco systems, at the same time providing support for IoT appliances and mobile devices.
What is DApps in Qtum
In its essence, Decentralized apps are applications that store their database on a blockchain. Once a block in the blockchain is verified it cannot be changed. The DApps use this same principle to make sure that the information cannot be tampered.
Future of Qtum
Qtum looks forward to being the ultimate platform for the development of Decentralized apps and smart contracts. These two technological advancements are said to have vast future applications.